Siacoin Trading Up 2.9% This Week (SC)

Siacoin (SC) traded up 1.5% against the US dollar during the 1 day period ending at 10:00 AM ET on February 14th. One Siacoin coin can currently be bought for $0.0042 or 0.00000004 BTC on major cryptocurrency exchanges. Over the last seven days, Siacoin has traded up 2.9% against the US dollar. Siacoin has a market cap of $232.86 million and approximately $16.54 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $96,535.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.3% higher against the dollar and now trades at $0.27 or 0.00000279 BTC.
• Litecoin (LTC) traded 4.6% higher against the dollar and now trades at $127.06 or 0.00131624 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $9.81 or 0.00010158 BTC.
• Bitcoin Cash (BCH) traded up 3.3% against the dollar and now trades at $342.04 or 0.00354318 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $228.75 or 0.00236954 BTC.
• Ethereum Classic (ETC) traded up 1.2% against the dollar and now trades at $21.31 or 0.00022073 BTC.
• IOTA (MIOTA) traded up 2.7% against the dollar and now trades at $0.24 or 0.00000251 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $39.87 or 0.00041304 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 59,621,445,676 coins and its circulating supply is 56,025,636,522 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech.

According to CryptoCompare, “Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client’s file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage.”

Siacoin Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView